July 24, 2013 – Chicago, IL – iNETWORKS Group, Inc. a Chicago based provider of global telecommunications, networking, IT and Cloud based technology solutions to enterprise, government and public sector entities, announced today that its affiliate, iNETWORKS Services, LLC has acquired the business of Diversified Management Enterprises, Inc, dba DMEtek, headquartered in Frankfort, IL.
The acquisition of DMEtek significantly expands the overall scope and capabilities of iNETWORKS Managed Services and Professional Services offerings to both companies’ existing and prospective customers; bringing highly experienced, trained and certified networking and IT engineering associates into the overall organization. These services complement iNETWORKS’ existing comprehensive managed services portfolio that support IT infrastructure, network and WAN infrastructure and private and hybrid cloud based managed infrastructure solutions.
“I am very excited about combining DMEtek’s business with that of iNETWORKS and the enhancements that my team, working with iNETWORKS, can make to our service portfolio and customer relationships,” Matt Levy, President and CEO of DMEtek stated.
Mr. Levy will continue to lead the engineering and technical support organization at iNETWORKS Group as Sr. VP of Engineering and Technical Support. DMEtek’s Frankfort, IL facility will become iNETWORKS’ Frankfort Technology Center.
“Matt and I have spent many years building a successful IT business from the ground up. I am extremely proud of our entire team, our customers and our award-winning service. My role in building, branding and leading a tech company from startup to acquisition has been exhilarating and fulfilling. I look forward to working with the leadership at iNETWORKS to ensure a smooth transition,” said cofounder Tracey Lassiter Levy.
“I want to welcome all of the associates at DMEtek to the iNETWORKS family. In joining with iNETWORKS, the acquisition will strengthen and enhance iNETWORKS position as a leader in delivering and supporting turn-key IT infrastructure solutions on a global basis with the highest level of comprehensive and continuous maintenance and support. We intend to expand on our leadership position and bring significant enhancements to DMEtek’s service offerings and its customers. I look forward to achieving our next level of success through accelerated innovation and the entire team’s complete and total focus on satisfying the needs of our customers.” said David J. Smat, President and CEO of iNETWORKS.
About iNETWORKS Group, Inc. – founded in 2002, the company was ranked #1 in Crain’s Chicago Annual List of the Fifty Fastest Growth Companies in 2010 and #7 in 2011 (Crain’s Fast Fifty). The list represents the fastest growing companies in the greater Chicago area over a 5 year period. iNETWORKS is a significant provider to small, mid and large enterprises and through its federal division provide mission critical telecommunications and technology solutions to the United States Department of Defense, FAA, NASA, VA and other government agencies. The company is headquartered in Chicago, IL and maintains an office in Vienna, VA outside Washington, DC. www.inetworksgroup.com
About DMEtek – founded by Matt Levy and Tracey Lassiter Levy, DMEtek is a leading provider of innovative and customer focused managed services and IT services and solutions. The company has been recognized as one of the world’s top IT Managed Service Providers, and was consistently recognized as a leading Managed Service Provider, being named a top performing SMB channel partner in the United States in 2012 and 2013 by the world’s largest technology distributor, Ingram Micro. www.dmetek.com
Klarian Capital Group – a Chicago based boutique investment banking firm advised iNETWORKS Group, Inc. and iNETWORKS Services LLC on the transaction. www.klarian.net